On October 20th, Sinopec announced that Sinopec Group, the controlling shareholder of the company, signed a credit agreement with the Bank of China joint stock company to obtain a credit line of 700 million yuan. The special project is used for Sinopec Group to increase its holdings of Sinopec's class A shares through centralized bidding transactions in this round of holdings and the future new phase of holdings. Correspondingly, the source of funds for this round of holdings of class A shares w...
Hong Kong stocks three barrels of oil fell continued, China Petroleum and Chemical shares (00386.HK) fell nearly 3%, China Petroleum (00857.HK) fell nearly 2%, China Offshore Oil (00883.HK) fell nearly 1%.
Rongsheng Petrochemical: the controlling shareholder Rongsheng Holdings intends to 500 million yuan - 1 billion yuan to increase the company's shares.
Sinopec class A share rose nearly 4%, the share price hit a new high since 2008, Hong Kong shares of China Petrochemical (00386.HK) rose nearly 3%.